{"id":3252,"date":"2025-09-12T15:57:42","date_gmt":"2025-09-12T12:57:42","guid":{"rendered":"https:\/\/gcfxdemo.etriplesoft.com\/?page_id=3252"},"modified":"2025-09-12T15:57:42","modified_gmt":"2025-09-12T12:57:42","slug":"order-execution-policy","status":"publish","type":"page","link":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/legal\/order-execution-policy\/","title":{"rendered":"Order Execution Policy"},"content":{"rendered":"
[vc_row full_width=”stretch_row” customize_bg_mobile=”1″ css=”.vc_custom_1757679529418{padding-top: 180px !important;padding-bottom: 210px !important;}” custom_styles_mobile=”.vc_custom_1757679529421{padding-top: 100px !important;padding-bottom: 100px !important;}” custom_styles_landscape=”.vc_custom_1757679529419{padding-top: 100px !important;padding-bottom: 100px !important;}”][vc_column][vc_btn title=”Download in PDF” color=”black” align=”right” i_icon_fontawesome=”fa fa-solid fa-download” css=”” add_icon=”true” link=”url:https%3A%2F%2Fgcfxdemo.etriplesoft.com%2Fwp-content%2Fuploads%2F2025%2F09%2FOrder-Execution-Policy-v1-24.03.2023.pdf|target:_blank”][vc_column_text css=””]GLOBAL CAPITAL MARKET LIMITED
\nORDER EXECUTION POLICY
\nPOLICY OBJECTIVE
\nThis Order Execution Policy (\u201cthe Policy\u201d) is intended to provide you with a general overview as to how GLOBAL CAPITAL MARKET
\nLIMITED (the \u201cCompany\u201d) execute Orders on behalf of its clients, the factors which can affect the timing of execution and the
\nway in which market volatility plays a part in Order handling. This Policy applies to all Clients who place Orders with the Company.
\nINTERPRETATION OF TERMS
\nIn this Policy:
\n\u201cBase Currency\u201d shall mean the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.
\n\u201cCompleted Transaction\u201d in a Contract for Difference (CFD) shall mean two counter deals of the same size (opening a position
\nand closing a position): buy then sell and vice versa.
\n\u201cFinancial Instrument\u201d shall mean the Financial Instruments under the Company\u2019s license which can be found on the Company\u2019s
\nwebsite. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its license
\nbut only those marketed on its website, from time to time.
\n\u201cLong Position\u201d for CFD trading shall mean a buy position that appreciates in value if Underlying Market prices increase. For
\nexample, in respect of Currency Pairs: buying the Base Currency against the Quote Currency.
\n\u201cMargin\u201d shall mean the necessary guarantee funds so as to open or maintain Open Positions in a CFD Transaction.
\n\u201cMargin Call\u201d shall mean the situation when the Company informs the Client to deposit additional funds when the Client does
\nnot have enough Margin to open or maintain Open Positions.
\n\u201cOpen Position\u201d shall mean any Long Position or a Short Position which is not a Completed Transaction. \u201cOrder\u201d shall mean an
\ninstruction from the Client to trade in Financial Instruments.
\n\u201cQuote Currency\u201d shall mean the second currency in the Currency Pair which can be bought or sold by the Client for the Base
\nCurrency.
\n\u201cShort Position\u201d for CFD trading shall mean a sell position that appreciates in value if Underlying Market prices fall. For example,
\nin respect of Currency Pairs: selling the Base Currency against the Quote Currency. Short Position is the opposite of a Long
\nPosition.
\n\u201cSlippage\u201d shall mean the difference between the expected price of a Transaction in a CFD or any other Financial Instrument, and
\nthe price the Transaction is actually executed at. Slippage often occurs during periods of higher volatility (for example due to due
\nto news events) making an Order at a specific price impossible to execute, when market Orders are used, and also when large
\nOrders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade.
\n\u201cTransaction\u201d shall mean any CFD or other transaction arranged for execution on behalf of the Client under this Policy.
\n\u201cUnderlying Asset\u201d shall mean the object or underlying asset in a CFD or any other Financial Instrument which may be Currency
\nPairs, Futures, Metals, Equity Indices, Stocks and Commodities. It is understood that the list is subject to change and clients must
\nrefer each time on the Platform. \u201cUnderlying Market\u201d shall mean the relevant market where the Underlying Asset of a CFD or
\nany other Financial Instrument is traded.
\n\u201cWebsite\u201d shall mean the Company\u2019s website at or https:\/\/gcfx24.com and any other website as the Company may maintain from
\ntime to time.<\/p>\n

GLOBAL CAPITAL MARKET LIMITED
\nWords importing the singular shall import the plural and vice versa. Words importing the masculine shall import the feminine
\nand vice versa. Words denoting persons include corporations, partnerships, other unincorporated bodies and all other legal
\nentities and vice versa. Paragraph headings are for ease of reference only and shall not affect interpretation of this policy.
\nAny reference to any act or regulation or Law shall be that act or regulation or Law as amended, modified, supplemented,
\nconsolidated, re-enacted or replaced from time to time, all guidance noted, directives, statutory instruments, regulations or
\norders made pursuant to such and any statutory provision of which that statutory provision is a re-enactment, replacement or
\nmodification.
\nDISCLAIMER
\nYou hereby acknowledge that there are inherent risks in trading in Financial Instruments. While this Policy is intended to inform
\nyou of the risks associated with trading in Financial Instruments, the Policy is not exhaustive of all risks related, or connected to,
\nentering Orders and Transactions or trading using any trading platform offered by the Company.
\nNO GUARANTEES
\nThe Company shall make all commercially reasonable efforts to obtain the best possible result for you, given the conditions
\nrelating to your Order. The Company may but are not required to take into account certain factors, such as, prices, costs, speed,
\nlikeliness of execution and settlement, size, nature and\/or any other information relevant to the execution of your Order.
\nThere are no guarantees that your Order will be accepted or executed by us, nor are there guarantees regarding the speed,
\ntiming, or price at which your Order will be executed. Further, Order speed, timing, pricing and execution may vary between
\nClients trading the same Financial Instrument, due to several factors, including but not limited to Order type, market volatility
\nand latency. This Policy does not form an obligation on our part to you.
\nMARGIN AND MARGIN REQUIREMENTS
\nThe Company will generally decline any Order if your available Margin is less than the Margin Requirement necessary to place an
\nOrder or maintain an Open Position. The Company may liquidate, on a nonmanager basis by way of an auto-close functionality,
\nall Open Positions and\/or cancel any pending Orders without prior notice or your consent, if your Margin is less than your Margin
\nRequirement. In instances where your Open Position is liquidated, and your Trading Account realizes a negative balance, you are
\nliable for all losses and must immediately make a payment to us for the full and total amount due. You should be aware that the
\nsystem(s) may automatically issue you a Margin Call warning and further, that Margin Call warnings may vary based on certain
\nlimits configured in the system(s).
\nEXECUTION PRACTICES IN FINANCIAL INSTRUMENTS
\nYou are warned that Slippage may occur when trading in Financial Instruments. This is the situation when at the time that an
\nOrder is presented for execution, the specific price showed to the Client may not be available; therefore, the Order will be
\nexecuted close to or a number of pips away from the Client\u2019s requested price. So, Slippage is the difference between the expected
\nprice of an Order, and the price the Order is actually executed at. If the execution price is better than the price requested by the
\nClient, this is referred to as positive slippage. If the executed price is worse than the price requested by the Client, this is referred
\nto as negative slippage. Please be advised that Slippage is a normal element when trading in Financial Instruments. Slippage more
\noften occurs during periods of illiquidity or higher volatility (for example due to news announcements, economic events and
\nmarket openings and other factors) making an Order at a specific price impossible to execute. In other words, your Orders may
\nnot be executed at declared prices. It is noted that Slippage can occur also during stop loss, take profit and other types of Orders.
\nThe Company do not guarantee the execution of your pending Orders at the price specified. However, it is confirmed that your
\nOrder will be executed at the next best available market price from the price you have specified under your pending Order.<\/p>\n

GLOBAL CAPITAL MARKET LIMITED
\nTYPES OF ORDER(S) IN TRADING FINANCIAL INSTRUMENTS
\nThe particular characteristics of an Order may affect the execution of the Client\u2019s Order. Please see below the different types of
\nOrders that a client can be placed:
\n(a) Market Order(s)
\nA market Order is an Order to buy or sell a Financial Instrument at the current price. Execution of this Order results in opening
\na trade position. Financial Instruments are bought at ASK price and sold at BID price. Stop loss and Take profit Orders can be
\nattached to a market Order. All types of accounts orders offered by the Company are executed as market Orders.
\n(b) Pending Order(s)
\nThe Company offers the following types of pending Orders: buy limit, buy stop, sell limit or sell stop Orders to accounts used
\nto receive and transmit and execute Client Orders in Financial Instruments or to receive, transmit, execute and place Client
\nOrders for execution with Company\u2019s liquidity providers. A Pending Order is an Order that allows the user to buy or sell a
\nFinancial Instrument at a pre-defined price in the future. These Pending orders are executed once the price reaches the
\nrequested level. However, it is noted that under certain trading conditions it may not be impossible to execute these Orders
\nat the Client’s requested price. In this case, the Company has the right to execute the Order at the first available price. This
\nmay occur, for example, at times of rapid price fluctuations of the price, rises or falls in one trading session to such an extent
\nthat, under the rules of the relevant exchange, trading is suspended or restricted, or there is lack of liquidity, or this may
\noccur at the opening of trading sessions. It is noted that Stop loss and Take profit may be attached to a pending Order. Also,
\npending orders are good till cancel.
\n(c) Take Profit
\nTake profit Order is intended for gaining the profit when the financial instrument price has reached a certain level. Execution
\nof this Order results in complete closing of the whole position. It is always connected to an Open position or a pending Order.
\nThe Order can be requested only together with a market or a pending Order. Under this type of Order, the Company\u2019s trading
\nplatform checks Long Positions with BID price for meeting of this Order provisions (the order is always set above the current
\nBid price), and it does with ASK price for Short Positions (the Order is always set below the current ASK price). Take Profit
\nOrders are executed once the price reaches the requested level (stated prices).
\n(d) Stop Loss
\nThe stop Order is used for minimizing of losses if the Financial Instrument price has started to move in an unprofitable
\ndirection. If the Financial Instrument price reaches this level, the whole position will be closed automatically. Such Orders are
\nalways connected to an open Position or a pending Order. They can be requested only together with a market or a pending
\nOrder. Under this type of Orders, the Company\u2019s trading platform checks Long Positions with BID price for meeting of this
\nOrder provisions (the Order is always set below the current BID price), and it does with ASK price for Short Positions (the
\nOrder is always set above the current ASK price). Stop loss Orders are executed at the first available price.
\nCLIENT CONSENT
\nYou hereby agree and consent to be bound by this Order Execution Policy. You further agree and consent that by placing trade(s)
\nin any other Financial Instrument(s) than Financial Instrument(s) you will become a Client of the Company, however the funds
\nthat you deposited might remain safeguarded with an intermediary broker.
\nThis Policy may be amended from time to time. Any amendment to this Policy shall be deemed to be accepted by you when you
\nsignify your acceptance of this Policy and its amendments by executing an Order in the trading platform the Company may
\nprovide. By executing the Order, you confirm that you have read, understood and agree to be bound by this Policy. It is your
\nresponsibility to ensure that you have the most updated version of this Policy.<\/p>\n

GLOBAL CAPITAL MARKET LIMITED
\nLANGUAGES
\nLanguage of communication between the Company and the Client shall be in English. All binding contractual documentation is
\navailable in English.
\nUpon its sole discretion the Company, may communicate with the Client in other language than English, however in case of any
\ndiscrepancy between the meanings of any communications and\/or meanings, or any other communications forming part of this
\nPolicy or any other agreements, information or communication in any other language, the meaning of the English Language
\nversion shall prevail.
\nThe Company or third parties may have provided the Client with translations of this Policy. The original English versions shall be
\nthe only legally binding version. In case of discrepancies between the English version and other translations in the Client’s
\npossession, the original English version provided by the Company on the website shall prevail.
\nREVIEW OF ORDER EXECUTION POLICY
\nGLOBAL CAPITAL MARKET LIMITED is committed to continuously improve this policy and it will be reviewed regularly (at least
\nevery six months) for effectiveness and updated.
\nThis Order Execution Policy is supported by management. GLOBAL CAPITAL MARKET LIMITED commits to providing this policy to
\nall employee and displaying it in its business with clients.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row full_width=”stretch_row” customize_bg_mobile=”1″ css=”.vc_custom_1757679529418{padding-top: 180px !important;padding-bottom: 210px !important;}” custom_styles_mobile=”.vc_custom_1757679529421{padding-top: 100px !important;padding-bottom: 100px !important;}” custom_styles_landscape=”.vc_custom_1757679529419{padding-top: 100px !important;padding-bottom: 100px !important;}”][vc_column][vc_btn title=”Download in PDF” color=”black” align=”right” i_icon_fontawesome=”fa fa-solid fa-download” css=”” add_icon=”true” link=”url:https%3A%2F%2Fgcfxdemo.etriplesoft.com%2Fwp-content%2Fuploads%2F2025%2F09%2FOrder-Execution-Policy-v1-24.03.2023.pdf|target:_blank”][vc_column_text css=””]GLOBAL CAPITAL MARKET LIMITED ORDER EXECUTION POLICY POLICY OBJECTIVE This Order Execution Policy (\u201cthe Policy\u201d) is intended to provide you with a general overview as to how GLOBAL CAPITAL MARKET LIMITED (the \u201cCompany\u201d) execute Orders on behalf of its clients, the factors which can affect the timing of execution and the way in which market volatility plays a part in Order handling. This Policy applies to all Clients who place Orders with the Company. INTERPRETATION OF TERMS In this Policy: \u201cBase Currency\u201d shall mean the first currency in the Currency Pair against which the Client buys or sells the Quote Currency. \u201cCompleted Transaction\u201d in a Contract for Difference (CFD) shall mean two counter deals of the same size (opening a position and closing a position): buy then sell and vice versa. \u201cFinancial Instrument\u201d shall mean the Financial Instruments under the Company\u2019s license which can be found on the Company\u2019s website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its license but only those marketed on its website, from time to time. \u201cLong Position\u201d for CFD trading shall mean a buy position that appreciates in value if Underlying Market prices increase. For example, in respect of Currency Pairs: buying the Base Currency against the Quote Currency. \u201cMargin\u201d shall mean the necessary guarantee funds so as to open or maintain Open Positions in a CFD Transaction. \u201cMargin Call\u201d shall mean the situation when the Company informs the Client to deposit additional funds when the Client does not have enough Margin to open or maintain Open Positions. \u201cOpen Position\u201d shall mean any Long Position or a Short Position which is not a Completed Transaction. \u201cOrder\u201d shall mean an instruction from the Client to trade in Financial Instruments. \u201cQuote Currency\u201d shall mean the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency. \u201cShort Position\u201d for CFD trading shall mean a sell position that appreciates in value if Underlying Market prices fall. For example, in respect of Currency Pairs: selling the Base Currency against the Quote Currency. Short Position is the opposite of a Long Position. \u201cSlippage\u201d shall mean the difference between the expected price of a Transaction in a CFD or any other Financial Instrument, and the price the Transaction is actually executed at. Slippage often occurs during periods of higher volatility (for example due to due to news events) making an Order at a specific price impossible to execute, when market Orders are used, and also when large Orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade. \u201cTransaction\u201d shall mean any CFD or other transaction arranged for execution on behalf of the Client under this Policy. \u201cUnderlying Asset\u201d shall mean the object or underlying asset in a CFD or any other Financial Instrument which may be Currency Pairs, Futures, Metals, Equity Indices, Stocks and Commodities. It is understood that the list is subject to change and clients must refer each time on the Platform. \u201cUnderlying Market\u201d shall mean the relevant market where the Underlying Asset of a CFD or any other Financial Instrument is traded. \u201cWebsite\u201d shall mean the Company\u2019s website at or https:\/\/gcfx24.com and any other website as the Company may maintain from time to time. GLOBAL CAPITAL MARKET LIMITED Words importing the singular shall import the plural and vice versa. Words importing the masculine shall import the feminine and vice versa. Words denoting persons include corporations, partnerships, other unincorporated bodies and all other legal entities and vice versa. Paragraph headings are for ease of reference only and shall not affect interpretation of this policy. Any reference to any act or regulation or Law shall be that act or regulation or Law as amended, modified, supplemented, consolidated, re-enacted or replaced from time to time, all guidance noted, directives, statutory instruments, regulations or orders made pursuant to such and any statutory provision of which that statutory provision is a re-enactment, replacement or modification. DISCLAIMER You hereby acknowledge that there are inherent risks in trading in Financial Instruments. While this Policy is intended to inform you of the risks associated with trading in Financial Instruments, the Policy is not exhaustive of all risks related, or connected to, entering Orders and Transactions or trading using any trading platform offered by the Company. NO GUARANTEES The Company shall make all commercially reasonable efforts to obtain the best possible result for you, given the conditions relating to your Order. The Company may but are not required to take into account certain factors, such as, prices, costs, speed, likeliness of execution and settlement, size, nature and\/or any other information relevant to the execution of your Order. There are no guarantees that your Order will be accepted or executed by us, nor are there guarantees regarding the speed, timing, or price at which your Order will be executed. Further, Order speed, timing, pricing and execution may vary between Clients trading the same Financial Instrument, due to several factors, including but not limited to Order type, market volatility and latency. This Policy does not form an obligation on our part to you. MARGIN AND MARGIN REQUIREMENTS The Company will generally decline any Order if your available Margin is less than the Margin Requirement necessary to place an Order or maintain an Open Position. The Company may liquidate, on a nonmanager basis by way of an auto-close functionality, all Open Positions and\/or cancel any pending Orders without prior notice or your consent, if your Margin is less than your Margin Requirement. In instances where your Open Position is liquidated, and your Trading Account realizes a negative balance, you are liable for all losses and must immediately make a payment to us for the full and total amount due. You should be aware that the system(s) may automatically issue you a Margin Call warning and further, that Margin Call warnings may vary based on certain limits configured in the system(s). EXECUTION PRACTICES IN FINANCIAL INSTRUMENTS You are warned that Slippage may occur when trading in Financial Instruments. This is the situation when at the time that an Order is presented for execution, the specific price showed to the Client may not be available; therefore, the Order will be executed close to or a number of pips away from the Client\u2019s requested price. So, Slippage is the difference between the expected price of an Order, and the price the Order is actually executed at. If the execution price is better than the price requested by the Client, this is referred to as positive slippage. If the executed price is worse than the price requested by the Client, this is referred to as negative slippage. Please be advised that Slippage is a normal element when trading in Financial Instruments. Slippage more often occurs during periods of illiquidity or higher volatility (for example due to news announcements, economic events and market openings and other factors) making an Order at a specific price impossible to execute. In other words, your Orders may not be executed at declared prices. It is noted that Slippage can occur also during stop loss, take profit and other types of Orders. The Company do not guarantee the execution of your pending Orders at the price specified. However, it is confirmed that your Order will be executed at the next best available market price from the price you have specified under your pending Order. GLOBAL CAPITAL MARKET LIMITED TYPES OF ORDER(S) IN TRADING FINANCIAL INSTRUMENTS The particular characteristics of an Order may affect the execution of the Client\u2019s Order. Please see below the different types of Orders that a client can be placed: (a) Market Order(s) A market Order is an Order to buy or sell a Financial Instrument at the current price. Execution of this Order results in opening a trade position. Financial Instruments are bought at ASK price and sold at BID price. Stop loss and Take profit Orders can be attached to a market Order. All types of accounts orders offered by the Company are executed as market Orders. (b) Pending Order(s) The Company offers the following types of pending Orders: buy limit, buy stop, sell limit or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3200,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3252","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/pages\/3252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/comments?post=3252"}],"version-history":[{"count":1,"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/pages\/3252\/revisions"}],"predecessor-version":[{"id":3253,"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/pages\/3252\/revisions\/3253"}],"up":[{"embeddable":true,"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/pages\/3200"}],"wp:attachment":[{"href":"https:\/\/gcfxdemo.etriplesoft.com\/index.php\/wp-json\/wp\/v2\/media?parent=3252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}